• Title/Summary/Keyword: Warranty Analysis

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Warranty Cost Models for a Second-Hand Products

  • Kim, Che-Soong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.22 no.53
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    • pp.1-12
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    • 1999
  • A warranty cost analysis for new products have received a lot of attention. In contrast, there is hardly any literature on similar analysis for second-hand products. The market of second-hand products has been increasing and along with that the importance of warranties for second-hand products has also been increasing. However, warranty policies similar to new products are not economically acceptable to dealers. One needs to formulate new warranty policies and models to estimate expected warranty costs for second-hand products. This paper proposes one-dimensional cost sharing warranty policies and develops models at system level to analysis warranty cost for second-hand products sold with these policies.

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Collection and Analysis of Automotive Field Reliability Data (자동차 필드데이터 수집 및 신뢰도 분석)

  • Kwon, Young-Il
    • Journal of Applied Reliability
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    • v.8 no.1
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    • pp.1-13
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    • 2008
  • A methodology for collection and analysis of automotive field reliability data is presented. Automotive warranty system usually covers a pre-determined period of time and/or mileage accumulation. Therefore mileage information for the vehicles that have not experienced any failure or problems during the warranty period is not available. In this paper, a reliability analysis method using the estimated mileage distribution from an additional survey for vehicles that have not any record during the warranty period is proposed. Methods of reliability analysis using the warranty information collected under the EU and US warranty policies are also provided.

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Modeling and Analysis of Warranty Cost for 2D-Policies Associated with Sale of Second-hand Products

  • Chattopadhyay G.;Yun Won-Young
    • International Journal of Reliability and Applications
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    • v.7 no.1
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    • pp.71-77
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    • 2006
  • The market for second hand products has been growing for a variety of reasons (e.g., new products appearing at a faster rate and the expected life of products increasing due to rapid advances in technology). The demand for warranties for second-hand products has been growing along with the growth of the market for second-hand products. Warranty for new products (consumer durables, industrial and commercial, and specialized defense products) has received a lot of attention. In contrast, warranties for second-hand product have received very little attention. Often, dealers of second-hand product such as cars offer 2D-warranties (Year and Kilometers). The expected warranty cost associated with a second-hand product for 2D-Policies is a function of the age of the item and its usage (as it affects failures over the warranty period), the warranty terms and the servicing strategy used by the dealer. This paper deals with development of models for warranty cost analysis along with the decision on sale price and warranty cover for 2D-Warranty policies associated with sale of second-hand products.

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A Comparative Study on the Duty of Disclosure and Warranty in Marine Insurance Contract (해상보험계약에 있어서 고지의무와 워런티)

  • 박은경
    • Journal of Korea Port Economic Association
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    • v.19 no.1
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    • pp.89-112
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    • 2003
  • In this article, 1'd like to analyse the principal distinctions between the duty of disclosure and warranty which are based on the same legal principles, utmost good faith(uberrima fides). Although the duty of disclosure and warranty have a same legal principle to protect insurance contract, they have several difference in appliance actually. Through these comparative analysis, 1 want to reveal the character of warranty which is unfamiliar to us under our commercial law. Warranty has some peculiarity, these are (a)A warranty does not have to be material to the risk, (b)A warranty must be exactly complied with, (c)It is impossible to defence for a breach of warranty, the breach of warranty is irremediable, and A casual connection between breach and loss needs not be shone, (d)A breach of a warranty may be waived by insurer. Sometimes in Korea like those stringent principles of warranty make Korean's small fishing or shipping company suffer from difficult because of insistence of discharge from liability by insurer. So I expect that all of them acknowledge the character of warranty and can make them protect their insurance money by themselves.

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A Comparative Study on the Duty of Disclosure and Warranty in Marine Insurance Contract (해상보험계약에 있어서 고지의무와 워런티)

  • 박은경
    • Proceedings of the Korea Port Economic Association Conference
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    • 2003.07a
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    • pp.271-294
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    • 2003
  • In this article, 1'd like to analyse the principal distinctions between the duty of disclosure and warranty which are based on the same legal principles, utmost good faith(uberrima fides). Although the duty of disclosure and warranty have a same legal principle to protect insurance contract, they have several difference in appliance actually. Through these comparative analysis, I want to reveal the character of warranty which is unfamiliar to us under our commercial law. Warranty has some peculiarity, these are (a)A warranty does not have to be material to the risk, (b)A warranty must be exactly complied with, (c)It is impossible to defence for a breach of warranty, the breach of warranty is irremediable, and A casual connection between breach and loss needs not be shone, (d)A breach of a warranty may be waived by insurer. Sometimes in Korea like those stringent principles of warranty make Korean's small fishing or shipping company suffer from difficult because of insistence of discharge from liability by insurer. So I expect that all of them acknowledge the character of warranty and can make them protect their insurance money by themselves.

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Cost Analysis of a Two-dimensional Warranty Policy with Replacement and Repair Regions (교체와 수리영역을 갖는 이차원 보증정책의 비용분석)

  • Yun, Won-Young;Yoo, Seung-Hyo
    • Journal of Korean Institute of Industrial Engineers
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    • v.22 no.2
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    • pp.247-253
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    • 1996
  • This paper proposes a new two-dimensional warranty policy with replacement and repair regions and analyses the warranty cost under the new warranty policy. The product is sold under a two-dimensional warranty(usage and age) in which two regions exist : the failed product is replaced by the manufacturer in the replacement region or minimally repaired by the manufacturer in the repair region. The formula of the expected warranty cost under some assumptions about usage and failure is obtained. Numerical examples are studied.

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Cost Analysis of a Stepdown Warranty Policy

  • Kim, Won Joong;Yi, Keun Heui
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.10 no.15
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    • pp.23-32
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    • 1987
  • This paper proposes a stepdown warranty policy: the warranty period consists of subintervals where the manufacturer's compensation is constant for warranty failures and decreases with the subinterval's number. Manufacturer's unit warranty cost is analyzed for both irrepairable and repairable products. we assume that only minimal repairs are performed for repairable items. Comparison with the free replacement polity indicates that the proposed policy has a longer warranty period if tile warranty reserves are the same and that manufacturer`s unit warranty cost is smaller if the warranty periods are tile same. Some numerical examples are also given.

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On the Analysis Method and its Application of Warranty Data (보증데이터 분석방법과 적용에 관한 연구)

  • Kim, Jong-Geol;Kim, Hye-Mi;Yun, Hye-Seon
    • Proceedings of the Safety Management and Science Conference
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    • 2012.04a
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    • pp.525-534
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    • 2012
  • The issue is all about the study of warranty data collection and the analysis method to get a reasonable information of the products and improve reliability. In this paper, we consider the classification of warranty data analyses into a parametric and non-parametric analysis and method to get a reasonable information of the products. Also, it is considered the research trend by grouping the relationship among the studies. This study would be used to find the effective application and the condition of warranty data analysis.

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A Study on Analysis Method of Warranty Data Using Multivariate Model (다변량 모형을 이용한 보증데이터 분석 방법 연구)

  • Kim, Jong-Gurl;Sung, Ki-Woo
    • Journal of the Korea Safety Management & Science
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    • v.17 no.2
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    • pp.241-247
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    • 2015
  • The purpose of the warranty data analysis can be classified into two categories. Two goals is a failure cause analysis and life prediction analysis. In this paper first, we applied multivariate analysis method that can be estimated in consideration of various factors on the failure cause warranty data. In particular, we apply the Tree model and Cox model. The advantage of the Tree is easy to interpret this result as compared to other models. In addition Cox model can quantitatively express the risk. Second, this paper proposed a multivariate life prediction model (AFT) considering a variety of factors. By applying the actual warranty data confirmed the usability.

-A study on Optimal Cost Model of Combined ESS and Burn-in under Warranty Policy- (품질보증정책하에 ESS와 Burn-in을 결합한 최적비 용모형 의 설정$^{1)}$)

  • 송서일;조영찬;박현규
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.24 no.62
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    • pp.1-10
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    • 2001
  • The electronics industry is fast growing segment of manufacturing and service industries. It is important that the manufacturer develops a product with adequate life cycle, high quality, and low failure rate in the specified time period. Environmental Stress Screening(ESS) and burn-in are widely used in the electronic industry to assist in the elimination of early failure. In this research, we construct optimal cost model of combined ESS and burn-in under various warranty policy and establish optimal testing times for given environments. Also we conduct sensitivity analysis on various parameter. The results of this study are summarized as follows. Comparing free warranty policy to rebate warranty policy, optimal ESS time is longer under free warranty policy, and optimal burn-in time is longer under rebate warranty policy. Free warranty policy higher than rebate warranty policy in total cost.

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